How to save an Industry in trouble The New Shipping Order and how shipping companies and shipping banks have to adjust to stay ahead Frank Dunne
How to save an Industry in trouble The New Shipping Order and how shipping companies and shipping banks have to adjust to stay ahead Moderator: Frank Dunne Chairman Watson, Farley & Williams LLP Marine Money London Ship Finance Forum Thursday 26th January 2012 wfw.com 1 Panellists Erik Eide Ship Finance International Ltd CFO George Elliott Naftilia Asset Management CEO Harald Kuznik Advisor Nikos Nomikos Cass Business School Professor in Shipping Risk Management Michael de Visser NIBC Bank Associate Director wfw.com 2 1. What structural changes are required in the Shipping Industry to create a healthy industry in the medium term? wfw.com 3 2. What sectors of the industry are under most threat? Do the Banks have bigger problems than the Owners ?? wfw.com 4 3. What factors will restore the flow of credit to the Shipping Market? Are there risks of further diminution of credit for shipping or for general trade finance? wfw.com 5 4. What characterises the Shipping Companies which continue to be successful even in today’s environment. Are the survivors “lucky” or “smart”? wfw.com 6 5. Must Banks team up with Export Credit Agencies and Chinese Banks to get the necessary “fire power”: What other methods can Banks employ to increase the supply of credit to shipping ? wfw.com 7 6. Is it sufficient for ship finance to be repriced in terms of Margin; Loan to value and overall risk? Or is traditional ship finance dead and a new order must be established? wfw.com 8 7. Speculation and short‐termism have blighted the Shipping Industry how can these demons be eradicated ? wfw.com 9 All references to ‘Watson, Farley & Williams’ and ‘the firm’ in this presentation mean Watson, Farley & Williams LLP and/or its affiliated undertakings. Any reference to a ‘partner’ means a member of Watson, Farley & Williams LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification. This presentation constitutes attorney advertising. © Watson, Farley & Williams 2010 wfw.com 40971300
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